New Delhi, October 2: India’s stock markets will remain closed on October 2 in observance of Gandhi Jayanti. The closure affects all segments, including BSE, NSE, derivatives, and SLB markets. Additionally, the multi-commodity exchange will be shut for both morning and evening sessions. Regular trading will resume on October 3. The next stock market holiday is scheduled for November 1 due to Diwali Laxmi Pujan, though a special Muhurat trading session will be held that day to mark the beginning of Samvat 2081.

On the trading front, benchmark indices extended their losing streak for the third consecutive day on Tuesday. The BSE Sensex dipped 33.49 points, or 0.04%, to close at 84,266.29, after fluctuating between a high of 84,648.40 and a low of 84,098.94. Similarly, the NSE Nifty fell 13.95 points, or 0.05%, to 25,796.90. India Stock Market Today: Sensex, Nifty Hit Fresh All-Time Highs Amid Heavy Buying in IT Stocks, Rally in Global Markets.

Market analysts attributed the downturn to subdued global trends and profit-taking in the oil and gas sector and select FMCG shares. Foreign fund outflows further dampened investor sentiment. Stock Market Today: Sensex Closes at All-Time High, Nifty Above 26,000 for First Time Following Positive Cues From Global Markets.

Since Friday, the Sensex has lost nearly 1,570 points (around 2%), and the Nifty has shed 419 points (1.6%), following China’s announcement of stimulus measures to boost its economy. This development has impacted global market trends, contributing to the extended losses in Indian markets.

Additionally, Chinese stock markets will be closed from October 1 to October 7 for China National Day, with Hong Kong’s market also shut on October 1.

(The above story first appeared on LatestLY on Oct 02, 2024 09:41 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).